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Vol. 231 No. 8 |
Liquidity Services Inc. (LSI), which provides an online marketplace for surplus assets, announced its acquisition of Network International Inc. in an all-cash transaction. Based in Houston, Network is an online marketplace for the sale of idle, surplus and used equipment in the oil and gas, petrochemical and power generation industries.
P2 Energy Solutions has formed a strategic partnership with Trinity Management Consulting that covers a broad array of service offerings to support P2’s Excalibur product line. Excalibur is a financial, operational accounting and land management software package serving the upstream oil and gas industry. The agreement formalizes a longstanding relationship between the parties, providing more certified consultants to the market.
FMC Technologies Inc. has signed an agreement with the Federal University of Rio de Janeiro (UFRJ) to build a technology center in Brazil. FMC’s Brazil Technology Center will be located on campus at UFRJ Technology Park in Rio de Janeiro, a city that has been designated as the hub of the country’s future oil and gas technology developments. The building will contain engineering offices, technical training and design areas, R&D laboratories, and the capability for full-scale testing of subsea system prototypes. The center is expected to open in 2011.
Noble Corp. completed its acquisition of FDR Holdings Ltd. (Frontier). The acquisition of Frontier, formerly an independent drilling company, along with previously announced agreements with Shell, increases Noble’s drilling fleet size to 69, with the addition of three dynamically positioned drillships (including two Bully-class ultra-deepwater rigs under construction), two conventionally moored drillships, including one Arctic-class vessel, and a conventionally moored deepwater semisubmersible drilling rig. Additionally, as a result of this acquisition, Noble will own and operate a dynamically positioned FPSO.
Cudd Energy Services, an affiliate of RPC, an oil and gas services company, has opened a new office in Canton, Pennsylvania, to support activity in the Marcellus Shale play. Cudd Energy has signed a long-term lease on the former Parker Hannifin facility.
Wellstream, a manufacturer and supplier of flexible pipe systems to the offshore oil and gas industry, has established a new Integrity Management Division based at its global headquarters in Newcastle upon Tyne, UK. The division will develop condition-monitoring systems based on a series of technology partnerships with MAPS Technology Ltd. and RTL Materials Ltd.
TGS-Nopec Geophysical Co. has commenced a multiclient 3D survey in partnership with Petroleum Geo-Services (PGS). This project, ESB10, covers a 400-sq-mi area in the East Shetland Basin immediately west of the UK/Norway border. The Ramform Viking, operated by PGS, is acquiring the high-density survey, utilizing 16 streamers. The project allows TGS and PGS to continue building a 3D grid south of the East Shetland Basin 3D project acquired in 2009.
Electromagnetic Geoservices ASA (EMGS) signed a multi-year contract worth a minimum of $150 million with Pemex. The work program, which is located in the Mexican sector of the Gulf of Mexico, consists of about 30 deepwater 3D surveys. Data acquisition will be performed using the purpose-built 3D EM vessel BOA Thalassa, with mobilization toward the end of August. EMGS estimates that the contract will generate 2010 revenues of $20–25 million.
Greene’s Energy Group announced the development of its new Wastewater Treatment Division, which specializes in portable wastewater treatment equipment and services for the oil and gas pipeline industries. The division offers a modular linear flow bulk media (LFBM) filter system that provides superior performance with increased flowrates and loading capacities over traditional bulk-bed and radial-flow designs. The LFBM canister design offers easier media change-out and the capability to utilize multiple media types in the same vessel without blending them together.
The new Drillmec production unit has been opened in Houston. Drillmec is the division of Trevi Group specializing in the production of equipment for the oil, gas and water industries. The plant, which is structurally designed to allow for future expansion, is located in an area that can also serve Central and South America. The new factory in Houston adds to the Fort Worth plant and is part of the group’s strategy to bolster its presence in the engineering sector of the US market.
Technip has been awarded a three-year diving repair and maintenance (R&M) frame agreement, with two one-year options, covering all diving and R&M activities for BP’s platforms, subsea fields and pipelines in the UK North Sea. This represents the retention of a contract Technip has held for the last five years. The company’s operating center in Aberdeen will execute the contract, using diving-support vessels Alliance, Wellservicer, Orelia, Skandi Achiever and Skandi Arctic (pictured). Technip will also perform major engineering and installation for the development of Devenick Field, located 145 mi northeast of Aberdeen. It covers project management, engineering, fabrication, installation and commissioning of the 20.8-mi pipe-in-pipe production pipeline, with 16-in. carrier pipeline, 3-in. piggyback methanol line and infield pipelines.
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